Question 5 4.75 pts On 7/1, the Knight's Stop took out a loan in the amount of $35,000 from Fairwinds Credit Union and signed a 9 month promissory note. What entry should Knight's Stop record on 7/1? (Select ALL that apply) Credit Cash for $35.000 Debit Cash for $35.000 Credit Short-term Notes Payable for $35,000 Credit Accounts Payable for $35.000 Debit Accounts Payable for $35,000 Debit Long-term Notes Payable for $35,000 Debit Short-term Notes Payable for $35,000 Credit Long-term Notes Payable for $35.000 4.75 pts Question 6 The following table shows the account ending balances for accounts receivable. Based on the change in the accounts receivable balance, how would this change impact the current year cash flow? Account Title Year 1 - Current Year Year 2 - Prior Year Accounts Receivable $15,000 $10,000 $5,000 decrease to financing cash flows $5,000 increase to financing cash flows $5,000 decrease to operating cash flows $5,000 increase to investing cash flows $5,000 increase to operating cash flows $5,000 decrease to investing cash flows